People are Generally Idiots and Led Around By their Noses

SEE HERE The media, since they decided they were no longer reporters but opinion shapers are constantly mouthing all kinds of idiotic "narratives" about wealth and poverty. Language and assumptions are important. Thomas Sowell, one of my favorite people, skewers them precisely when he says: The grand fallacy in most discussions of income statistics is the assumption that the various income brackets represent enduring classes of people, rather than transients who start at the bottom in entry-level jobs and move up as they acquire more experience and skills.